Why is EID Parry falling/rising?

As of 15-Jul, EID Parry (India) Ltd's stock price is currently at 1,160.00, reflecting a slight increase of 0.35 (0.03%). The stock has recently hit a new 52-week and all-time high of Rs. 1170, indicating strong upward momentum. Over the past week, EID Parry has gained 7.52%, significantly outperforming the Sensex, which has declined by 1.36%. The stock has been on a consecutive gain streak for the last five days, and it is trading above all key moving averages, suggesting a bullish trend. Additionally, rising investor participation is evident, with a notable increase in delivery volume, which has risen by 75.58% compared to the five-day average. The company's low debt-to-equity ratio and high institutional holdings at 26% further bolster investor confidence, as these institutions are typically better equipped to analyze the company's fundamentals.
In the broader market context, EID Parry's strong performance stands out, especially with a year-to-date return of 30.13% compared to the Sensex's 5.67%. This significant outperformance over both the short and long term highlights the stock's resilience and attractiveness to investors. The company's substantial market capitalization of Rs 20,618 crore, which constitutes 27.26% of its sector, along with its impressive annual sales, positions it as a leader in the industry. Overall, the combination of strong recent performance, positive investor sentiment, and favorable market conditions contributes to the stock's rising price.